The Hunt for a Pension Crisis Fix
It’s gotten so bad that many cities have found themselves paying more for retiree benefits than they do for public services such as fire and police.
These Economic Gurus Are Hopping Mad Over Obama’s Victory
Marc Faber, Peter Schiff and Charles Biderman slam Obama, while Nouriel Roubini lauds "a major defeat of Tea Party freaks."
It’s the ‘Warped’ Financial System, Stupid: Hussman
“The financial system has been transformed into a self-serving, grotesque casino” that encourages speculation and refuses to restructure bad debt, the portfolio manager John Hussman says.
Britain’s Cameron Promises to ‘Tackle’ Level of Finance Pay
In his New Year speech, British Prime Minister David Cameron sought to offer encouragement to those having a difficult time getting by, and warned those who apparently were getting by too well in the financial industry that he would “tackle excess in the City.”
American national debt held steady, in the $2-3 trillion range, for three decades until the early 1980s. It began to rise rapidly at that point, dipping briefly when it reached the $7 trillion mark in the late 1990s and then taking off in earnest after 2000.